October 18, 2007
AAR Selected by Textron Marine & Land for Logistics Support
WOOD DALE, Ill., /PRNewswire-FirstCall/ -- AAR (NYSE: AIR) today announced that its Defense Systems & Logistics business unit has signed a one-year agreement with Textron Marine and Land to provide logistics and inventory management support services for the repair of M1117 Armored Security Vehicles (ASV) at the Red River Army Depot in Texarkana, Texas. To support the program, AAR has opened a second warehousing facility near the Red River Army Depot.
"We're excited about building upon our relationship with Textron Marine and Land in support of its repair operations at the Red River Army Depot," said Jim Clark, Group Vice President of AAR's Aviation Supply Chain Group. "This is our second operation supporting U.S. Army vehicles and this program expansion in support of the U.S. Army is a testament to the flexibility and scalability of AAR's supply chain management capabilities."
Through its Defense Systems & Logistics operating unit, AAR supports defense programs for the U.S. and its allies with an extensive range of logistics services including supply and value chain management, parts acquisition and distribution, and operations and maintenance logistics management.
AAR is a leading provider of products and value-added services to the worldwide aerospace and defense industry. With facilities and sales locations around the world, AAR uses its close-to-the-customer business model to serve airline and defense customers through four operating segments: Aviation Supply Chain; Maintenance, Repair and Overhaul; Structures and Systems and Aircraft Sales and Leasing. More information can be found at http://www.aarcorp.com.
CONTACT:
Chris Mason,
Director,
Corporate Communications of AAR,
+1-630-227-2062,
chris.mason@aarcorp.com
Related news
See all
December 23, 2024
AAR named one of America’s Most Responsible Companies 2025 by Newsweek
Wood Dale, Illinois — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, is proud to announce it has been recognized by Newsweek as one of America’s Most Responsible Companies 2025. This prestigious award is presented in collaboration with Statista, the world-leading statistics portal and industry ranking provider. The awards list was announced earlier this month and can currently be viewed on Newsweek’s website.
December 20, 2024
AAR announces divestiture of non-core Landing Gear Overhaul business to optimize portfolio
Wood Dale, Illinois — AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced today that it has entered into a definitive agreement to divest its Landing Gear Overhaul business to GA Telesis. The transaction is valued at $51 million and is expected to close in the first quarter of the 2025 calendar year, subject to customary and regulatory closing conditions. The divestiture will be immediately accretive to margins and earnings.
December 19, 2024
AAR resolves Foreign Corrupt Practices Act investigations with the DOJ and SEC
Wood Dale, Illinois — AAR CORP. (NYSE: AIR) (“AAR” or the “Company”) announced today that it has reached resolutions with the Department of Justice (“DOJ”) and the Securities and Exchange Commission (“SEC”) to resolve previously disclosed potential violations of the U.S. Foreign Corrupt Practices Act (the “FCPA”) relating to certain transactions signed in 2016 and 2017 in Nepal and South Africa.
